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and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will tell you that i did meet with my finance officer this morning. my budget director. we talked about comparing my state budget. we have to make our decisions within the next month. the state of oklahoma, it will cost to $700 million in so many things. if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state
and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will...
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Dec 13, 2012
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>> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25, $30. this is not a huge investment. and so we're finding a lot of consumers are finding their way into beauty because they don't want to spend $1,000, $2,000 or $3,000 on very luxurious, larger items like a handbag or a new car, for example. so beauty has its frequency shoppers. but that being said, overall, if the consumer is not certain she has the disposal income, perhaps she holds back a little bit. >> sir, one of my traders, joe, has a question for you. >> yes, mr. lauder, how concerned are you in terms of the personal care management industry in 2013 being exposed to really a contraction in spendin
>> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25,...
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Dec 6, 2012
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some of that local and state governments. an interesting other point is some of the governors tbr -- from the region were here at the white house. they are talking about requesting emergency spending of about $50 billion. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit. he said it was unclear. that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before, folded into the rest of the negotiat
some of that local and state governments. an interesting other point is some of the governors tbr -- from the region were here at the white house. they are talking about requesting emergency spending of about $50 billion. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit....
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some well informed and respected authority that can explain what the debt ceiling is >> it gives the government permission to pay back the money we already borrowed >> jon: totally right. i didn't understand it because he was talking too fast but i think he's [bleep] right. and i like that lady too. i don't know her. even if senator mcconnell doesn't understand the debt ceiling he does understand how to play senate chess. he knows while obama wants the debt ceiling debate removed, senate majority leader harry reid, he don't have the 51 votes he needs to get that passed so mcconnell is going to trap reed in a corner. >> an unlimited authority to borrow whenever he wants to for whatever amount he wants to? if the majority leader supports that proposal i would hope we can get a vote on it to give his members a chance to express themselves as to whether or not they think that's a good way forward for our country. >> jon: [bleep]. it is a classic opening. he's proposing a bill that he doesn't support, mcconnell, knowing that the president will look bad when harry reid refuses to call a vote on it >>
some well informed and respected authority that can explain what the debt ceiling is >> it gives the government permission to pay back the money we already borrowed >> jon: totally right. i didn't understand it because he was talking too fast but i think he's [bleep] right. and i like that lady too. i don't know her. even if senator mcconnell doesn't understand the debt ceiling he does understand how to play senate chess. he knows while obama wants the debt ceiling debate removed,...
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Dec 11, 2012
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simply because the government let aig go under. now the government has reaped the $27 billion profit for its own. it was well, it turned out to be a savvy investment. i mean, whatever happens to get you elected into a higher office. and then he seemed to attack me for being pro the government with aig. i want to thank two people who made sure the government took care of this situation here. he prthe government did multipl offers of aig. this one was the best of all. the second person, aig ceo. this company had almost been destroyed. and through force of will fixed the darn thing and turned it into more of a powerhouse before the crash and it isn't done. this time it was done between the two of them. a warm and heartfelt thanks. that is what we care about. stay with cramer. >> it is a brutal full contact sport. >> when the whistle blows, traders trading for what could turn out to be the final play of the game. >> i know it is not easy but i promise to keep fighting for you. the. >> the road is a tough one. but the pay off can be a g
simply because the government let aig go under. now the government has reaped the $27 billion profit for its own. it was well, it turned out to be a savvy investment. i mean, whatever happens to get you elected into a higher office. and then he seemed to attack me for being pro the government with aig. i want to thank two people who made sure the government took care of this situation here. he prthe government did multipl offers of aig. this one was the best of all. the second person, aig ceo....
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Dec 13, 2012
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government gets that money. you have inherent problem in the way the government is working, period. the fact that they have to come to a crisis situation for every major decision is a big problem, and that actually was chad, our producer up on capitol hill asking that question about deadlines every time for a big decision, but you're right, and i don't see it yet. i agree with you. i thought it was 50/50 coming into this week. i think it's 70/30 now that we're going over the cliff, and maybe even higher than that, as you listen and talk to behind even behind the scenes. connell: i didn't know it was him, but i was nodding thinking that's what everybody's thinking, every single time, and that's why people get tired of it. listen to speaker boehner quickly here on what he had to say about spending cuts moments ago. here's the speaker. >> i've been pushing all year for us to address the problem, but here we are at the 11th hour, and the president, still, is not serious about dealing with this isssue right here. it'
government gets that money. you have inherent problem in the way the government is working, period. the fact that they have to come to a crisis situation for every major decision is a big problem, and that actually was chad, our producer up on capitol hill asking that question about deadlines every time for a big decision, but you're right, and i don't see it yet. i agree with you. i thought it was 50/50 coming into this week. i think it's 70/30 now that we're going over the cliff, and maybe...
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Dec 7, 2012
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fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to pay dues and could become law by next wednesday with my next guest's signature. does business ring a bell? this is the governor of michigan. >> we will get it done. it is important because it is about being pro worker, we have hard people, hard work people in union and they should be able to decide whether to join a union or not. it is not about employers or collective bargain. people should have the opportunity to say they want to belong or not. second, this can be good for economic development for more and better jobs coming to michigan. we have watched what has gone on in indiana with more companies look
fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to...
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the agency's, the salaries of all government employees. more of a leg to stand on about fairness and taxing the rich. if our politicians would give up their entitlements we would save the country billions and not have to affect the eneral public and their social security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
the agency's, the salaries of all government employees. more of a leg to stand on about fairness and taxing the rich. if our politicians would give up their entitlements we would save the country billions and not have to affect the eneral public and their social security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you...
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the worst time to cut government spending? >> well most of this spending we've been doing lately is our transfers. and they're paying people for being poor. paying people for not working. i'm sure they appreciate the help. and it feels good to help them. but it doesn't get them out of poverty. it encourages -- discourages people from helping themselves. so the labor market's going to remain small. as long as we kind of act european with our help we're going to have a european labor market which is a small one. >> i think we are moving toward a european kind of economy in terms of austerity economics. if you look at what happened and what's happening in britain and spain and elsewhere, they have embarked upon deficit reduction. and what that has done is contract their economies when they still have very high unemployment, very high under utilization of a lot of resources that. means that their ratio of their debts to their total economies keeps on getting worse. if you want that kind of economy, that kind of austerity economics
the worst time to cut government spending? >> well most of this spending we've been doing lately is our transfers. and they're paying people for being poor. paying people for not working. i'm sure they appreciate the help. and it feels good to help them. but it doesn't get them out of poverty. it encourages -- discourages people from helping themselves. so the labor market's going to remain small. as long as we kind of act european with our help we're going to have a european labor market...
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and part of this is being subsidized by the government through record disability payments. lou: disability paymen from social security administration, taking that a side when one looks at food stamps and medica alone, you can add other incentives as well and support programs, but we are looking at the prospect of ving one in the quarter workers for every one person on welfare and working the government. we are reaching a dangerous, dangerous to pinpoint in this country, and we have nancy pelosi, the minority leader saying that you cannot cut your way to deficit reduction. mind-boggling. >> it is mind-boggling. after the second world war we cut our government spending by 60 percent. the economy boomed. we cut ourselves all the way into a big surplus. israel was in a catastrophic crisis in the mid 80's. it cut its way drastically to surplus. lou: this country has a long history. >> and new zealand. lou: this country, if we can be parochial allotted for a moment, we can learn from our own experience. it is pretty clear that when we talk about, as this administration has, retur
and part of this is being subsidized by the government through record disability payments. lou: disability paymen from social security administration, taking that a side when one looks at food stamps and medica alone, you can add other incentives as well and support programs, but we are looking at the prospect of ving one in the quarter workers for every one person on welfare and working the government. we are reaching a dangerous, dangerous to pinpoint in this country, and we have nancy...
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maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who
maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone,...
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coming up tonight on the big picture why republicans so worried about the united nations taking over our government and if they really think of defunct nonprofit group help steal the election for president obama all that more in tonight's lone liberal rumble and thousands of men women and children die every year as a result of senseless and completely preventable gun violence but have we become a nation that's afraid to talk about guns and to create the laws that are needed to effectively regulate that will protect american lives. you need to know this paranoid delusions swept the floor of the united states senate on tuesday as a group of republican senators blocked ratification of a u.n. treaty to help disabled people around the planet the convention on the rights of persons with disabilities requires signatory u.n. nations to provide for disabled populations in the exact same way as does the american one nine hundred ninety americans with disabilities act the treaty would require absolutely no changes to current u.s. law suite already passed the american americans with disabilities act more than
coming up tonight on the big picture why republicans so worried about the united nations taking over our government and if they really think of defunct nonprofit group help steal the election for president obama all that more in tonight's lone liberal rumble and thousands of men women and children die every year as a result of senseless and completely preventable gun violence but have we become a nation that's afraid to talk about guns and to create the laws that are needed to effectively...
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Dec 5, 2012
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they want certainty predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will have a lot of issues on how best to lead the country forward. allen west will be gone but there will be tea partyers remain. how do you work with people who think compromise is a bad word? >> look, i was just earlier with the republican part of my district today and met with a lot of republican commissioners. the message i told them is what i told everybody. whether you're a republican, democrat, i have an open door. i want to hea
they want certainty predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead...
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Dec 11, 2012
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we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape. >> how much does one or two yearsed t retirement mean? >> a lot. it compounds over time and the period of time you do it. my grandchildren, age 70, not 67. second i'm not beyond means testing colas. maybe shouldn't be as high as for the bottom end. when the president is sitting in an ivory tower or in detroit and we're trying to do the people's business. >> where do you think the real compromise is coming out? do you believe john boehner and president obama this weekend had a serious discussion? where are we really in this compromise? >> well, i've learned a long time ago up here what
we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape....
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let's shrink the size of government and send those powers back to the people. that's the only way we'll prevent a collapse of this nation. >> with all due respect, sir, isn't the time for ideology past us now? we need to start talking -- >> 18 days. >> no, it's not time for getting past looking at the real problem. the real problem is outrageous spending that's going on here in washington. i don't know what kind of bills we're going to see. i don't know what kind of bills that we'll even have a possibility of considering on the floor. right now i think the president doesn't want any bill. i think he wants us to go off the cliff. >> let me ask you this. >> okay. >> if we don't have a deal by the end of next week, is it fair to say we go over the cliff because i know everybody is going away. >> they are leaving tomorrow. >> is it fair to say you don't have a deal by the end of next week we go over the cliff? >> maria, i'm willing to stay here until the 1st of january to find some solutions to actually stop the outrageous spending going on here in washington. >> y
let's shrink the size of government and send those powers back to the people. that's the only way we'll prevent a collapse of this nation. >> with all due respect, sir, isn't the time for ideology past us now? we need to start talking -- >> 18 days. >> no, it's not time for getting past looking at the real problem. the real problem is outrageous spending that's going on here in washington. i don't know what kind of bills we're going to see. i don't know what kind of bills that...
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Dec 12, 2012
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with this sale, the government bailout of a.i.g. at the depth of the credit crisis will now turn a profit. we have a closer look at a.i.g.'s stock chart on our web site, nbr.com. click on the blogs tab and look for michael kahn. all five of the most actively traded exchange traded products were up. the biggest gains in the nasdaq 100 tracking fund, up 1.3%. and that's tonight's "market focus." >> susie: this is the time of year when many companies ring up most of their annual profits. but some companies are finding ways to boost the bottom line year-round. diane eastabrook tells us about one chicago business that's making money by refusing to get boxed in by tradition. >> reporter: this is the unglamorous side of chicago's ideal box company. it's where workers and machines convert paper into corrugated boxes. this is the glamorous side. it's where graphic artists design cardboard store displays by computer. then, industrial designers fashion them into something like this. >> it's a bit of a corn stalk, and so the wood crates sort of
with this sale, the government bailout of a.i.g. at the depth of the credit crisis will now turn a profit. we have a closer look at a.i.g.'s stock chart on our web site, nbr.com. click on the blogs tab and look for michael kahn. all five of the most actively traded exchange traded products were up. the biggest gains in the nasdaq 100 tracking fund, up 1.3%. and that's tonight's "market focus." >> susie: this is the time of year when many companies ring up most of their annual...
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to force government to shrink itself. this is the only way they will do that in my opinion, to have strict term limits for politicians in the future, single term limits so that politics is a duty and no longer a career by buying votes with voters money in perpetuity and that is what the fiscal cliff is all about. is sucking money in a huge transfer from the private sector to big government and big government is totally destructive to the economy and the morale of the nation. dennis: i think the notion that the congress will introduce term limits is on display in a redesign of fantasyland. let's say we do go over the cliff and instead marginal rates go up on their ridge. this doesn't have to be a devastating blow to the economy. doesn't capital at some point find a way to make money? >> all i can tell you is when i came into parliament with margaret thatcher as prime minister the top rate of tax was 92% on the ridge and england was dealing its way into the ocean. margaret thatcher dropped it in the first month to sixty% an
to force government to shrink itself. this is the only way they will do that in my opinion, to have strict term limits for politicians in the future, single term limits so that politics is a duty and no longer a career by buying votes with voters money in perpetuity and that is what the fiscal cliff is all about. is sucking money in a huge transfer from the private sector to big government and big government is totally destructive to the economy and the morale of the nation. dennis: i think the...
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apparently so does the government! it doesn't matter if you're naughty or nice under the guidelines signed by the obama administration last spring. the national counterterrorism center can now collect information about any u.s. citizen, without any reason or cause in the name of counterterrorism. we're learning about this, more about this now because julie andwin of the "wall street journal" did a freedom of information request to find out was there even a debate most the administration about whether or not it would be allowed to take any government file, so anytime you have the government if your life, now that file could go to national counterterrorism center, for any reason. are you comfortable with that? >> greg: well, i like, i mean, i happen to enjoy surveillance but for reasons i can't get in to here. giving eric holder access is giving car keys to a kindergarten glass. why do i feel like she will be the ground game in 2016? we have imprisoned a filmmaker, expanded surveillance over america and used drones to ki
apparently so does the government! it doesn't matter if you're naughty or nice under the guidelines signed by the obama administration last spring. the national counterterrorism center can now collect information about any u.s. citizen, without any reason or cause in the name of counterterrorism. we're learning about this, more about this now because julie andwin of the "wall street journal" did a freedom of information request to find out was there even a debate most the...
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Dec 11, 2012
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people that want the government to cut back on spending kind of don't want it because of the markets, so you can't really have your cake and eat it, too. if we do go over the cliff there will be pullback in the market. >> what's the strategy though? what's the strategy? let's put aside speculation of going over or not going over. what's the strategy going into year end? where do you want exposure in terms of equities? >> definitely want to be long. i certainly wouldn't want to go short because you don't want to go into this uncertainty making decisions on something you don't know is going to happen. you just don't know what the taxes are or what's going to come about, so i really wouldn't make my decisions based on an unknown. i would pick steady solid names and stick with them and go long. >> but we know taxes are probably going to go high, right? david, do i want to sell my winners here knowing that the capital gains at 15% is going to be history next year? >> i think we're seeing a lot of that. i think we're seeing the reverse of tax laws harvesting the end of the year, people cap
people that want the government to cut back on spending kind of don't want it because of the markets, so you can't really have your cake and eat it, too. if we do go over the cliff there will be pullback in the market. >> what's the strategy though? what's the strategy? let's put aside speculation of going over or not going over. what's the strategy going into year end? where do you want exposure in terms of equities? >> definitely want to be long. i certainly wouldn't want to go...
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labor unions are saying it's a civil war and the state government is saying it's going to be blood as a result of this. from this day forward, how do you begin to sort of bury the hatchet between the two parties so that while you really disagree on this legislation, that you can work together on other legislation and other areas to bring your state forward? how do you bury the hatchet? >> that is really important that we start right away. we have dealt with very controversial issues in the past. the state of michigan has gone through a process of balancing our budget and paying down debt. we have seen the fastest reduction of unemployment in the nation and revamped the tax structure, a lot of controversial things. we have found a way to work together and be inclusive even throughout the difficult times. i think once we get space between the passage of the law and the future, you will find that those types of tempers will die down, they will certainly be those who hold on to that anger over time. but our part is to be very itself and work toward the future and these fights, you have th
labor unions are saying it's a civil war and the state government is saying it's going to be blood as a result of this. from this day forward, how do you begin to sort of bury the hatchet between the two parties so that while you really disagree on this legislation, that you can work together on other legislation and other areas to bring your state forward? how do you bury the hatchet? >> that is really important that we start right away. we have dealt with very controversial issues in...
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officials said there was evidence that the syrian government was preparing for potential chemical weapons, but yesterday, defense secretary leon panetta said new intelligence shows they may be backing off. >>> well, now to west virginia. did you see this? a national gas line exploded in a town just ten miles north of charleston. at first, witnesses thought a plane had crash, as the flames shot up over 75 feet in the air before it was put out. at least five homes up in flames, destroyed, and a portion of the nearby freeway was damaged. officials say the area within 1,000 feet of the explosion site was evacuated. many of the surrounding area still without power. people were treated for smoke inhalation. no major injuries, amazingly, where reported in that natural gas line blaze. >>> the national transportation safety board, of course, will launch an investigation. >>> and finally, grammar winner and virtuoso star ravi shankar has died. you've probably heard his influence in the most famous music. he became friends with the beatle and a longtime collaborator with george harrison. he burst on
officials said there was evidence that the syrian government was preparing for potential chemical weapons, but yesterday, defense secretary leon panetta said new intelligence shows they may be backing off. >>> well, now to west virginia. did you see this? a national gas line exploded in a town just ten miles north of charleston. at first, witnesses thought a plane had crash, as the flames shot up over 75 feet in the air before it was put out. at least five homes up in flames,...
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the people running the government. the politicians. good politicians don't take their countries off of cliffs. "the ed show" starts right now. >>> good evening, americans. welcome to "the ed show" live from washington, d.c. tonight, breaking news from the nation's capital. house democrats are turning the screws on house speaker bain. this is "the ed show." let's get to work. >> unfortunately, the speaker's proposal is still out of balance. >> the president responds to john boehner, but democratic leader nancy pelosi has a plan to get around the speaker. tonight, leader pelosi joins me for an exclusive interview. >>> senator john kerry like you have never seen him before. the statesman from massachusetts scolds the radical right after senate republicans block a u.n. treaty on rights for the disabled because they are concerned about home schooling. you don't want to miss this tape. >>> plus my interview with ohio senator sherrod brown on what looks like a massive win for progressives and elizabeth warren. >>> then senator debbi stabenow
the people running the government. the politicians. good politicians don't take their countries off of cliffs. "the ed show" starts right now. >>> good evening, americans. welcome to "the ed show" live from washington, d.c. tonight, breaking news from the nation's capital. house democrats are turning the screws on house speaker bain. this is "the ed show." let's get to work. >> unfortunately, the speaker's proposal is still out of balance. >>...
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Dec 12, 2012
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i think that's what our system of government is all about. again, as you pointed out, i proposed this when i was in the minority. and i don't think that the minority has anything to fear. you see, our founders set up a very tough system to get a bill passed. look at it. it has to pass the house. it has to pass the senate. and exactly the same form. so if the house and senate disagree, nothing happens. then it has to survive a presidential veto. and then it has to survive court challenges. this was all set up by our founders. the one -- the one thing they did not set up was that you had to have a super majority in which to pass a piece of legislation. now you and i both know that the drafters of the constitution set out five specific times when the senate must have a super majority, five. it's proving treaties, impeaching a president, that type of thing. so really, by inference, the founders, drafters of our constitution basically said everything else is 51%. passes legislation. >> well, we will see if it ever gets back there in our lifetime.
i think that's what our system of government is all about. again, as you pointed out, i proposed this when i was in the minority. and i don't think that the minority has anything to fear. you see, our founders set up a very tough system to get a bill passed. look at it. it has to pass the house. it has to pass the senate. and exactly the same form. so if the house and senate disagree, nothing happens. then it has to survive a presidential veto. and then it has to survive court challenges. this...
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Dec 6, 2012
12/12
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that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had -- a chance. >> i'm joined by congresswoman debbie wasserman schultz tonight, of florida, chairwoman of the dnc. great to have you with us, congresswoman. >> great to be with you, ed, thank. >> now, those are two key players there on the republican party. one was on the ticket, the other was a florida senator. what do you make of this about-face and philosophical change and approach to the middle class. you buying it? >> well, it's not an about-face, not by a long shot. there is not much compassion in either of those conservatives. and you know, i think what mr. ryan and mr. rubio must think is, you know, that movie, "men in black"? there have been three "men in black" movies, and i think one of the coolest things about that movie that most people remember is that little device that erases people's memories. well, i think that paul ryan and marco rubio must believe that all america
that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had -- a chance. >> i'm joined by congresswoman debbie wasserman schultz tonight, of florida, chairwoman of the dnc. great to have you with us, congresswoman. >> great to be with you, ed, thank. >> now, those are two key players there on the republican party. one was on the ticket, the other was a florida senator. what do you...
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Dec 12, 2012
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ability to govern. i agree with david that what we need right now is a downpayment, making some progress. one that probably involves the tax and spending side. and the pledge to do much more later. the important thing to know about the proposals on the street right now is that you can accept everything in the president's proposal for everything in speaker boehner's proposal and he would not solve the budget problems in the longer run. in my judgment, you need about twice what they have put on the table. i'm very troubled by the fact that we are giving the impression that we can solve this problem without imposing much pain on the middle-class. the president made that very explicit. he promised never to raise taxes on the middle class. of course the republicans would back him up on that. there is no way mathematically you can solve this problem without giving something. that has to involve the middle- class. that is where all the money is. as for the point about building a bridge to the bigger solution,
ability to govern. i agree with david that what we need right now is a downpayment, making some progress. one that probably involves the tax and spending side. and the pledge to do much more later. the important thing to know about the proposals on the street right now is that you can accept everything in the president's proposal for everything in speaker boehner's proposal and he would not solve the budget problems in the longer run. in my judgment, you need about twice what they have put on...
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Dec 10, 2012
12/12
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the saudi government didn't specifically names. citing a ongoing investigation. a virus hit 30,000 aramco computers in august, aiming to shut down production. this is the new frontier by the way. >> chris mass comes early for -- christmas comes early for pot lovers in colorado and washington. whoo-hoo. with the legal mess just beginning it is anything but a smokers paradise. we bring in a pot panel. why not? to break it down next. do you have ever have too much money? you know how painful heartburn can be. for fast, long lasting relief, use doctor commended gaviscon®. only gaviscon® fms a protective barrier that helps block stomach acid from splashing u relieving the pain quickly. try fast, long sting viscon®. the potential of manchester united locked. nyse euronext. unlocking the world's potential. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protec them. [ thunder crashes ] it doesn't. stop preteing. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your r
the saudi government didn't specifically names. citing a ongoing investigation. a virus hit 30,000 aramco computers in august, aiming to shut down production. this is the new frontier by the way. >> chris mass comes early for -- christmas comes early for pot lovers in colorado and washington. whoo-hoo. with the legal mess just beginning it is anything but a smokers paradise. we bring in a pot panel. why not? to break it down next. do you have ever have too much money? you know how painful...
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Dec 11, 2012
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. >> a government fractured, a market paralyze. a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less t
. >> a government fractured, a market paralyze. a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey,...